Thursday, 8 April 2010
12:02 | Posted by Rock
Continuing the recent trend of failing Virtual Worlds (e.g. Metaplace, Legend City Online, There.com), yet another company has bitten the virtual dust.
Vivaty have recently announced that they are closing their doors with a Shutdown Party on the 16th April.
Vivaty was yet another 3D Virtual Space that was spawned during the golden age of 2007-2008, who firmly believed in the 3D space concept, where people could inhabit 3D virtual rooms they could decorate, and invite friends in to join them for chat and other activities. Unlike the market leader, Second Life, Vivaty was web-based, and its scenes could be embedded in Facebook, blogs and other websites. They hoped that it could make money by selling Vivabux, the virtual currency that users could use to buy clothes for their avatars, furniture for their virtual homes, and other virtual goods and services. However, in a very frank statement, Jay Weber, Co-founder and Chief Technical Officer of Vivaty said:
Our business model was to earn money through Vivabux sales, but that has never come close to covering our costs. We tried for months to find a bigger partner that would support the site, but that didn’t work out.
Whether this is simply a consolidation of an over-populated market place, where just a few key players will survive, or indicative of a general decline in the market itself, is still to be seen.